06 April 2017, India:
A leading reward based crowdfunding platform DesiredWings has acquired Catapooolt. India’s most rewarded and industry-backed crowdfunding company. By virtue of this acquisition, together Desired Wings and Catapooolt stand as leaders and the largest crowdfunding platform with various diversified successfully funded campaigns to its portfolio.
Desired Wings is a category agnostic platform facilitating business idea validation and development, help start-ups prefund their future products and services helping them to start and grow without capital investment or fundraising against equity. While both the brands will prevail in the market post this acquisition focusing on different segments of the crowdfunding industry.
Shabir Momin, Co-Founder, Desired Wings said, “It is a great moment for us, as post this acquisition we have secured the leadership position in the industry and now with the combined strength of both the brands we can grow faster and also help shape this industry. This is an industry which will become the foundation of the start-up ecosystem and help them grow faster. We are witnessing the trends that can put Indian crowdfunding projects on the global map. We have seen how crowdfunding has helped many start-ups come to the forefront and eventually become very successful companies.”
Satish Kataria, Managing Director, Catapooolt said, “I have worked hard along with my team to get Catapooolt to where it stands today. Joining the family and making it stronger with Desiredwings is a big boost. I see a much larger and structured growth with a new vision which helps us together to cover larger geographies and industry verticals. I am a strong believer of crowdfunding a way to make impossible dreams come true for many by the strength of many.”
Mohammed Sirajuddin Co-Founder, Desired Wings commented, “We are excited with both the platforms having done some very highly reputed campaigns and brand associations so far. With the two powerhouses coming together as one consolidated team will change the dynamics and will effectively deliver much more to the future campaigns and start-ups.”
Desiredwings.com is a Crowd Funding platform that brings together the innovators, idea creators whether its cause based or to bring change to the way things happen, on one side to meet the backers who are either their future consumers or believers in the idea and are willing to bet small/large amounts on them to help them achieve their dreams.